Your Complete Guide to EPF: Withdrawals, Transfers, and Consolidation
1. What is EPF?
The Employees’ Provident Fund (EPF) is a retirement savings scheme available to employees in India. Under this scheme, a portion of an employee’s salary is deducted every month and deposited into an EPF account, which earns interest over time. The EPF scheme is administered by the Employees’ Provident Fund Organisation (EPFO).
2. What is the full form of EPF?
The full form of EPF is Employees’ Provident Fund.
3. What is the purpose of EPF?
The purpose of EPF is to provide retirement benefits to employees. Under this scheme, a portion of an employee’s salary is deducted every month and deposited into an EPF account, which earns interest over time. The EPF scheme also provides various other benefits such as partial withdrawals for medical emergencies, home loan repayment, or education expenses.
4. Who is eligible for EPF?
All employees who are earning a basic salary of up to Rs. 15,000 per month are eligible for EPF. This includes both permanent and temporary employees, as well as employees of organizations with less than 20 employees (with certain conditions). However, employees earning a basic salary of more than Rs. 15,000 per month can also become members of the EPF scheme if their employer and they agree to it.
5. What is the contribution rate for EPF?
Both the employer and employee contribute 12% of the employee’s basic salary plus dearness allowance towards the EPF. Out of the 12%, 8.33% is deposited into the Employee Pension Scheme (EPS), while the remaining 3.67% is deposited into the EPF account.
6. What is the current interest rate for EPF?
The current interest rate for EPF is 8.10% for the financial year 2023-24. The interest rate is reviewed and declared by the Ministry of Labour and Employment
every year.
7. What are the benefits of contributing to EPF?
There are several benefits of contributing to EPF-
- Retirement savings: EPF helps you build a retirement corpus, which you can use after you retire.
- Tax benefits: The amount you contribute towards EPF is eligible for tax deduction under section 80C of the Income Tax Act, 1961.
- Interest earnings: Your EPF balance earns interest, which is compounded annually.
- Partial withdrawals: You can make partial withdrawals from your EPF account for various purposes such as medical emergencies, home loan repayment, or education expenses.
- Life insurance coverage: The EPF scheme also provides a life insurance coverage of up to Rs. 7 lakh to the beneficiary in case of the member’s death.
8. How can I check my EPF balance?
You can check your EPF balance online through the EPFO website or the UMANG app. You can also check it via SMS or by giving a missed call to a designated number. Additionally, you can check your EPF balance through the EPF mobile app or the DigiLocker app.
9. What is the EPF claim process?
To claim your EPF, you need to fill out a Composite Claim Form (CCF) and submit it to the EPFO. The CCF is a single form that replaces the earlier forms like Form 19, 10C, and 31. The form can be submitted online or offline, depending on your preference.
10. What is the EPF withdrawal process?
To withdraw your EPF, you need to fill out a withdrawal form and submit it to the EPFO. There are different forms for different purposes such as Form 19 for final EPF settlement, Form 31 for partial EPF withdrawal, and Form 10C for EPS withdrawal. You can submit the forms online or offline, depending on your preference. The EPFO usually processes the EPF withdrawal within 10 days of receiving the application.
11. How long does it take to withdraw EPF?
The EPFO usually processes the EPF withdrawal within 10 days of receiving the application. However, it may take longer in certain cases where the application requires additional verification or if there are any errors or discrepancies in the application.
12. What are the tax implications of EPF withdrawal?
The tax implications of EPF withdrawal depend on various factors such as the duration of the account, the amount withdrawn, and the purpose of the withdrawal. Generally, if you withdraw your EPF balance before the completion of five years of continuous service, the amount is taxable as per your income tax slab. However, if you withdraw your EPF balance after the completion of five years of continuous service, the amount is tax-free.
13. Can I withdraw my EPF before retirement?
Yes, you can withdraw your EPF before retirement, but there are certain conditions you need to meet. You can withdraw your EPF balance if you have been unemployed for more than two months, or if you are retiring from service. You can also withdraw your EPF for various purposes such as medical emergencies, home loan repayment, or education expenses.
14. What is the penalty for early EPF withdrawal?
If you withdraw your EPF balance before the completion of five years of continuous service, you may be subject to a penalty of 10% of the withdrawn amount. However, there are certain exceptions where you may not be subject to the penalty such as in case of certain medical emergencies or if you withdraw the amount due to unemployment for more than two months.
15. Can I transfer my EPF from one employer to another?
Yes, you can transfer your EPF balance from one employer to another using the online facility provided by the EPFO. This is known as the Universal Account Number (UAN) portability facility.
16. How can I update my KYC details in EPF?
You can update your KYC details in EPF online through the UAN portal or the UMANG app. You can update your Aadhaar, PAN, bank account details, and other KYC details.
17. Can I nominate someone for my EPF account?
Yes, you can nominate someone for your EPF account using the nomination form provided by the EPFO. You can nominate one or more persons, and you can also specify the percentage share of each nominee.
18. What is the maximum amount that can be contributed to EPF?
The maximum amount that can be contributed to EPF is 12% of the employee’s basic salary, plus dearness allowance (DA) and retaining allowance (if any). However, an employee can choose to contribute more than 12% of their basic salary voluntarily.
19. How can I make changes to my EPF nomination?
You can make changes to your EPF nomination using the nomination form provided by the EPFO. You can fill out a new form and submit it to your employer or to the EPFO directly.
20. What happens to my EPF account if I change jobs?
If you change jobs, you can either withdraw your EPF balance or transfer it to your new employer using the UAN portability facility. If you choose not to withdraw or transfer the amount, it will continue to earn interest and will be available to you after retirement.
21. How can I check my EPF account statement?
You can check your EPF account statement online using the UAN portal or the UMANG app. You can also check your statement through SMS or by giving a missed call to the EPFO’s designated number.
22. What is the procedure for EPF name correction?
To correct the name in your EPF account, you need to fill out the name correction form provided by the EPFO. You need to attach supporting documents such as a copy of your Aadhaar card or PAN card, and submit the form to your employer or to the EPFO directly.
23. How can I change my EPF account number?
You cannot change your EPF account number as it is assigned by the EPFO and linked to your UAN. However, you can update your personal details such as your name, address, and bank account details associated with your EPF account.
24. Can I withdraw my EPF without PAN card?
No, you cannot withdraw your EPF balance without a PAN card. You need to provide your PAN card details to the EPFO while filing your EPF withdrawal application.
25. What is the process to update my bank account
details in EPF?
You can update your bank account details in EPF online through the UAN portal or the UMANG app. You need to log in to your account, go to the ‘KYC’ section, and enter your bank account details. You also need to provide supporting documents such as a cancelled cheque or bank statement to verify the details. Once the details are verified, your bank account will be updated in your EPF account.
26. What is the process to claim EPF after the death of the account holder?
In the event of the account holder’s death, the nominee or legal heir can claim the EPF balance. The nominee or legal heir needs to fill out the EPF claim form and provide supporting documents such as the death certificate, the nominee’s ID proof, and bank details. Once the documents are verified, the EPFO will process the claim and transfer the EPF balance to the nominee or legal heir’s bank account.
27. How can I check my EPF claim status?
You can check your EPF claim status online through the UAN portal or the UMANG app. You need to log in to your account and go to the ‘Track Claim Status’ section to check the status of your EPF claim.
28. What are the EPF rules for foreign workers?
Foreign workers who are employed in India are also eligible for EPF contributions. However, foreign workers from countries with which India has a social security agreement are exempt from making contributions to the EPF. Foreign workers need to obtain a unique identification number from the EPFO to contribute to the EPF.
29. How can I get an EPF UAN number?
Your employer will provide you with a UAN number when you start contributing to the EPF. You can also check your UAN number on your salary slip or by contacting your employer. If you do not have a UAN number, you can generate one online through the UAN portal.
30. What is the difference between EPF and PPF?
EPF stands for Employee Provident Fund, while PPF stands for Public Provident Fund. EPF is a retirement savings scheme that is mandatory for all employees who earn less than a certain threshold amount. PPF, on the other hand, is a voluntary savings scheme that can be opened by any individual. Both EPF and PPF offer tax benefits and have a fixed interest rate, but EPF is managed by the EPFO, while PPF is managed by the government. EPF contributions are made by both the employer and the employee, while PPF contributions are made only by the individual. Additionally, EPF offers a life insurance cover and partial withdrawals for certain expenses, while PPF has a longer tenure and can be extended beyond the initial maturity period.
31. Can I contribute to EPF voluntarily?
No, you cannot contribute to EPF voluntarily. EPF contributions are mandatory for employees who earn less than a certain threshold amount, and the contributions are made by both the employer and the employee.
32. How can I transfer my EPF balance to NPS?
EPF balance cannot be transferred directly to NPS. However, if you want to invest your EPF balance in NPS, you can withdraw the EPF balance and then make a fresh investment in NPS.
33. What is the EPF contribution for employees in
the private sector?
The EPF contribution for employees in the private sector is 12% of their basic salary and dearness allowance. The employer is required to match the employee’s contribution and deposit the total amount (i.e., 24% of the employee’s basic salary and dearness allowance) to the employee’s EPF account.
34. What is the EPF contribution for employees in
the public sector?
The EPF contribution for employees in the public sector is also 12% of their basic salary and dearness allowance. However, the government contributes 12% of the employee’s basic salary and dearness allowance to the employee’s pension account, which is separate from the EPF account.
35. What are the EPF rules for contract employees?
Contract employees are also eligible for EPF contributions if they earn less than a certain threshold amount. The employer is required to make contributions to the EPF account of contract employees, and the employee can also choose to contribute voluntarily. However, contract employees may not be eligible for certain benefits, such as gratuity and medical insurance, that are available to regular employees.
36. How can I get my EPF account number from my
employer?
You can ask your employer for your EPF account number, which should be mentioned in your salary slip. You can also find your EPF account number on the EPFO website or the UMANG app by logging in with your UAN and password.
37. What is the EPF contribution for international
workers?
International workers are also eligible for EPF contributions if they are employed by an organization that is covered under the EPF scheme. The contribution rate is the same as for domestic workers, which is 12% of the employee’s basic salary and dearness allowance, with an equal contribution from the employer.
38. How can I check my EPF account balance through
SMS?
To check your EPF account balance through SMS, you need to send an SMS to the EPFO’s designated number. The SMS should be in the format “EPFOHO UAN ENG” (where “ENG” can be replaced with the preferred language). You will receive an SMS with your EPF account balance.
39. How can I check my EPF account balance through
missed call?
To check your EPF account balance through missed call, you need to give a missed call to the EPFO’s designated number from your registered mobile number. The call will automatically disconnect after a few rings, and you will receive an SMS with your EPF account balance.
40. What is the difference between EPF and EPS?
EPF and EPS are two separate schemes under the EPF Act. EPF (Employee Provident Fund) is a scheme that provides retirement benefits, while EPS (Employee Pension Scheme) is a pension scheme that provides a monthly pension to retired employees. A portion of the EPF contribution is automatically diverted to the EPS scheme.
41. Can I withdraw my EPS separately?
No, EPS cannot be withdrawn separately. EPS is a pension scheme that provides a monthly pension to retired employees. You can only withdraw your EPS balance along with your EPF balance when you retire.
42. What is the contribution rate for EPS?
The contribution rate for EPS is 8.33% of the employer’s contribution, subject to a maximum of Rs. 1,250 per month. The remaining 3.67% of the employer’s contribution is diverted to the EPF scheme.
43. How is the EPS pension calculated?
The EPS pension is calculated based on the employee’s length of service and average monthly salary in the last 12 months before retirement. The formula for calculating the EPS pension is as follows: (Pensionable Service x Pensionable Salary) / 70, where “Pensionable Service” is the employee’s length of service and “Pensionable Salary” is the average monthly salary.
44. What is the minimum service period for EPS
pension eligibility?
The minimum service period for EPS pension eligibility is 10 years. If an employee has worked for less than 10 years, he/she is eligible to withdraw the EPS contribution along with the EPF balance.
45. How can I update my EPF details in Aadhaar?
You can update your EPF details in Aadhaar by logging in to the EPFO website using your UAN and password. Under the “Manage” tab, select “KYC” and enter your Aadhaar number. Once your Aadhaar details are verified, your EPF details will be automatically updated.
46. How can I update my EPF details in UAN?
Employees can update their EPF details in UAN (Universal Account Number) through the following steps-
- Log in to the EPFO member portal using the UAN and password.
- Go to the ‘Manage’ tab and click on ‘Modify Basic Details’.
- Enter the correct details in the fields that need to be updated such as name, date of birth, gender, etc.
- Click on ‘Update Details’ to submit the changes.
- The employer needs to verify the changes made by the employee.
- After the employer approves the changes, the updated details will reflect in the EPF account.
47. What is the EPF contribution for employers?
The EPF contribution for employers is 12% of the employee’s basic salary plus dearness allowance. This contribution is made to the employee’s EPF account every month. Employers are also required to contribute 8.33% of the employee’s basic salary plus dearness allowance to the Employee Pension Scheme (EPS).
48. What is the difference between EPF and gratuity?
EPF (Employee Provident Fund) is a retirement benefit scheme for employees, while gratuity is a benefit paid to employees when they leave their job after completing a certain period of service. Gratuity is paid to employees who have completed at least 5 years of continuous service with the employer.
The EPF is a contribution-based scheme where the employee and the employer contribute a certain percentage of the employee’s salary every month. The accumulated amount can be withdrawn by the employee at the time of retirement or resignation.
Gratuity, on the other hand, is a lump sum amount paid by the employer to the employee as a token of appreciation for their services. The amount of gratuity paid to an employee is based on their last drawn salary and the number of years of service completed.
49. Can I withdraw my EPF online?
Yes, EPF withdrawal can be done online through the EPFO member portal. However, certain conditions need to be met for online withdrawal, such as linking the Aadhaar number with the EPF account and verifying the KYC details. The online withdrawal facility is available only for employees who have completed at least 5 years of continuous service and are not employed for 2 months or more.
50. How can I register a grievance related to EPF?
Employees can register a grievance related to EPF through the following steps-
- Visit the EPFO website and click on the ‘Grievance’ tab.
- Fill in the required details such as name, mobile number, email ID, EPF account number, etc.
- Provide a brief description of the grievance and attach supporting documents if necessary.
- Click on ‘Submit’ to register the grievance.
- The grievance will be forwarded to the concerned EPF office for resolution, and the employee will receive a grievance registration number for future reference.
51. Can I withdraw my EPF for medical expenses?
Yes, an employee can withdraw a portion of their EPF balance for medical expenses. The maximum amount that can be withdrawn is 6 times the monthly salary of the employee or the total EPF balance, whichever is lower. The employee needs to submit a medical certificate and bills from a registered medical practitioner along with the withdrawal application.
52. What is the EPF contribution for employees
over the age of 58?
For employees over the age of 58, the EPF contribution is voluntary. The employee can choose to continue making contributions to the EPF account or withdraw the accumulated amount. If the employee chooses to continue contributing to the EPF account, the employer is not required to make any contributions.
53. How can I check my EPF transfer status?
You can check the status of your EPF transfer by visiting the EPF website and logging in with your UAN and password. From there, go to the ‘Online Services’ tab and click on ‘Track Claim Status.’ You can then select the type of claim, enter the required details and check the status.
54. Can I withdraw my EPF if I am unemployed?
Yes, you can withdraw your EPF if you are unemployed for more than two months. You can withdraw up to 75% of your total EPF balance or your total contribution with interest, whichever is lower, as an advance for living expenses. If you remain unemployed for more than two months and have not found a job, you can withdraw the remaining 25% of your balance.
55. How can I check my EPF contribution?
You can check your EPF contribution by visiting the EPF website and logging in with your UAN and password. From there, go to the ‘View’ tab and click on ‘Passbook.’ You can then select the financial year and the month for which you want to check your contribution.
56. Can I withdraw my EPF if I am disabled?
Yes, you can withdraw your EPF if you are disabled. If you have been contributing to the EPF for more than two years, you can withdraw up to six times your monthly salary or the total EPF balance, whichever is lower, as an advance for medical treatment or living expenses.
57. What is the procedure for EPF balance transfer?
To transfer your EPF balance from one account to another, you need to fill out Form 13 and submit it to your current employer. Your employer will then forward the form to the EPF office for processing. The EPF office will transfer your balance to your new account within 10 days of receiving the form.
58. How can I check my EPF account balance through
the Umang app?
You can check your EPF account balance through the Umang app by downloading and installing the app on your mobile device. After opening the app, select EPFO from the list of services and enter your UAN and OTP. You can then view your EPF account details, including your balance and contributions.
59. What is the maximum limit for EPF withdrawal? Can I withdraw my EPF for house purchase?
You can withdraw your EPF for the purpose of purchasing a house or flat. However, there are certain eligibility criteria and rules that must be followed.
To be eligible for EPF withdrawal for house purchase, you must have completed at least 5 years of service. You can withdraw up to 90% of your EPF balance for this purpose. The withdrawal amount can be used for purchasing or constructing a new house or flat, or for the purpose of repayment of the outstanding loan on the house.
The process for EPF withdrawal for house purchase is similar to that of normal EPF withdrawal. You need to fill and submit Form 31 along with the necessary documents to the concerned EPFO office or through the online portal. The documents required for EPF withdrawal for house purchase include proof of house purchase or construction, such as allotment letter, agreement of sale or construction, etc.
It is important to note that if you withdraw your EPF balance for house purchase before the completion of 5 years of service, the withdrawn amount will be taxable.
60. What is the EPF contribution for employees on
deputation?
When an employee is on deputation, the EPF contribution is usually determined by the terms of the deputation agreement between the employee, the employer on deputation, and the employer who has deputed the employee.
In general, if an employee on deputation continues to receive his/her salary from the deputing employer, then the contribution to EPF is not mandatory, as the deputing employer is not considered as the actual employer under the EPF Act.
However, if the employee on deputation receives his/her salary from the deputed employer and continues to be on the rolls of the deputing employer, then the deputing employer is responsible for the EPF contribution. The contribution rate will be the same as that of the regular employees of the deputing employer, which is usually 12% of the basic salary and dearness allowance.
It is always advisable to consult with the employers and the EPFO to understand the specific rules and regulations related to EPF contribution for employees on deputation.
61. What is the process to update my mobile number
in EPF?
Updating your mobile number in your EPF account is a simple process that can be done online through the UAN member portal. Here are the steps to update your mobile number in EPF-
- Log in to the UAN member portal using your UAN and password.
- Go to the “Profile” section and click on “Edit Mobile Number” option.
- Enter your new mobile number and click on “Get Authorization Pin”.
- You will receive an OTP (One-Time Password) on your new mobile number.
- Enter the OTP on the screen and click on “Save Changes”.
- Once you have successfully entered the OTP, your new mobile number will be
updated in your EPF account.
It is important to ensure that the mobile number you provide is in your name and is active, as it will be used for future authentication and communication related to your EPF account.
62. How can I check my EPF balance using the EPF
passbook?
You can check your EPF balance using the EPF passbook, which is an online record of your contributions and withdrawals from your EPF account. Here are the steps to check your EPF balance using the EPF passbook:
- Visit the EPFO member portal at https://www.epfindia.gov.in/site_en/index.php
- Log in using your UAN and password. If you have not yet activated your UAN,
you can do so by clicking on the “Activate UAN” option on the home page and following the steps. - Once you have logged in, go to the “Download” option in the top menu bar and click on “Download Passbook”.
- Select the EPF member ID for which you want to download the passbook, and click on “Download Passbook”.
- Your EPF passbook will be displayed on the screen, showing the details of your
contributions and withdrawals, as well as your current balance.
Please note that the EPF passbook is updated on a monthly basis, so it may take some time for recent contributions or withdrawals to be reflected in the passbook.
63. Can I withdraw my EPF for education?
EPF can be withdrawn for higher education purposes after completing seven years of service. The withdrawal amount is limited to a maximum of 50% of the employee’s contribution to the EPF account.
64. What is the procedure for EPF account merger?
EPF account merger can be done through the EPFO’s unified portal. The employee needs to link the UAN numbers of the old and new EPF accounts and initiate the transfer request. The EPFO will verify the details and transfer the balance from the old account to the new account.
65. How can I check my EPF balance through the
EPFO portal?
EPF account holders can check their EPF balance through the EPFO portal by logging in with their UAN and password. They can then click on the “View” option under the “Passbook” section to view their EPF account statement.
66. What is the procedure for EPF account transfer?
EPF account transfer can be done through the EPFO’s unified portal. The employee needs to link the UAN numbers of the old and new EPF accounts and initiate the transfer request. The EPFO will verify the details and transfer the balance from the old account to the new account.
67. How can I link my Aadhaar with my EPF account?
EPF account holders can link their Aadhaar with their EPF account by logging in to the EPFO’s unified portal with their UAN and password. They can then go to the “Manage” tab and click on the “KYC” option. They need to enter their Aadhaar number and name as per the Aadhaar card and click on “Save.”
68. What is the procedure for EPF name change?
EPF account holders can request a name change in their EPF account by submitting a request letter to their employer. The employer will forward the request to the EPFO for approval. The account holder needs to provide supporting documents such as a copy of the PAN card or Aadhaar card.
69. Can I withdraw my EPF for marriage?
EPF can be withdrawn for marriage purposes after completing seven years of service. The withdrawal amount is limited to a maximum of 50% of the employee’s contribution to the EPF account.
70. Can I withdraw my EPF after retirement?
Yes, you can withdraw your EPF after retirement. You have the option to withdraw the full EPF balance after attaining the age of 58 or retirement, whichever is earlier. Alternatively, you can also choose to receive a monthly pension by transferring a portion of your EPF balance to the EPS account.
71. What is the process to reactivate a dormant EPF account?
To reactivate a dormant EPF account, you can follow these steps-
- Visit the official EPFO website and log in to your account using your UAN and
password. - Click on the “Inoperative Account Helpdesk” link.
- Enter the necessary details such as your name, mobile number, and EPF account number.
- Click on the “Submit” button.
- EPFO will verify the details and initiate the process of reactivation of the account.
- Once the account is reactivated, you can check your EPF balance and make
contributions as per your requirement.
It is advisable to keep your EPF account active by making regular contributions to ensure a secure financial future.
72. Can I withdraw my EPF for home renovation?
No, you cannot withdraw your EPF for home renovation. However, you can apply for a partial withdrawal under the Home Loan Advance category for the purchase or construction of a house or flat.
73. What is the EPF contribution for employees in the unorganized sector?
For employees in the unorganized sector, the EPF contribution is 10% of the employee’s basic salary and dearness allowance. The employer is also required to make a matching contribution of 10%.
74. Can I withdraw my EPF for debt repayment?
Yes, you can withdraw your EPF for debt repayment under certain circumstances. You can withdraw up to 90% of your EPF balance if you have completed at least 3 years of service and the outstanding loan is in your name or in the name of your spouse, son, daughter, or any dependent.
75. What is the procedure to update my email ID in EPF?
You can update your email ID in EPF through the UAN Member Portal. Login to your account, go to the ‘Manage’ section, and click on ‘Contact Details’. Here, you can update your email ID and save the changes.
76. How can I transfer my EPF balance to a different bank account?
You can transfer your EPF balance to a different bank account through the UAN Member Portal. Login to your account, go to the ‘Online Services’ section, and click on ‘Claim (Form-31, 19, 10C)’. Here, select the ‘I Want To Apply For’ option as ‘Only PF Withdrawal (Form-19)’ and fill in the required details. In the bank account details section, enter the details of your new bank account where you want to transfer the EPF balance. Submit the application and the balance will be transferred to your new bank account.
77. Can I withdraw my EPF for travel?
EPF withdrawal for travel is not a permissible reason for withdrawal as per the EPF rules.
78. What is the procedure for EPF account closure?
The procedure for EPF account closure involves filling up the Form 19, which is available on the EPFO website, and submitting it to the employer for verification. Once the employer verifies the form, the EPFO processes the withdrawal and sends the amount to the bank account mentioned in the form.
79. Can I withdraw my EPF for buying a vehicle?
EPF withdrawal for buying a vehicle is also not a permissible reason for withdrawal as per the EPF rules.
80. What is the procedure for EPF account consolidation?
The procedure for EPF account consolidation involves transferring the balance from multiple EPF accounts to a single account. This can be done by submitting Form 13 to the EPFO through the current employer or by using the online facility available on the EPFO website.
81. How can I check my EPF balance through the
UMANG app?
To check EPF balance through the UMANG app, the user needs to download the app and complete the registration process. After registration, the user can go to the EPFO section and select the “Employee Centric Services” option. Then, they need to enter their UAN and OTP received on the registered mobile number to view the EPF passbook and check the balance.
82. Can I withdraw my EPF for starting a business?
Yes, you can withdraw your EPF for starting a business. The EPF Scheme allows for partial withdrawal of funds for specific purposes, and starting a business is one of them. However, there are certain conditions that need to be met, such as the applicant must have completed at least 10 years of service, and the maximum amount that can be withdrawn is equal to 50% of the employee’s contribution to the EPF account, along with interest.
The procedure to withdraw EPF for starting a business is similar to other types of partial withdrawals. The employee needs to submit a claim form along with supporting documents, such as a business plan and proof of registration, to the EPFO. The EPFO will verify the documents and approve the withdrawal if all conditions are met.
It’s important to note that EPF is a retirement fund, and it’s generally not recommended to withdraw funds unless absolutely necessary. If you’re considering starting a business, it’s always a good idea to explore other sources of funding before considering withdrawing from your EPF account.
83. What is the procedure for EPF account nomination change?
EPF account holders can change their nomination by following the below procedure-
- Visit the EPFO Member Portal and log in using your UAN and password.
- Go to the ‘Manage’ section and select ‘KYC.’
- Click on the ‘Edit’ icon next to the nomination details.
- Update the details of the nominee, such as name, relationship, and percentage of
share. - Upload a scanned copy of the nominee’s photograph and your signature.
- Review the updated details and submit the request.
- Once the request is submitted, the employer will approve the nomination change
request. - The nominee will receive an SMS or email confirmation of the nomination change.
It is important to ensure that the updated nomination details are correct and accurate. EPF account holders can change their nomination details any number of times during the term of their employment.
84. What is the procedure to update my address in EPF?
You can update your address in EPF through the following steps-
- Log in to the EPFO portal using your UAN and password.
- Go to the “Manage” tab and select “KYC” from the drop-down menu.
- Click on the “Update” button next to the “Address” field.
- Enter your updated address details, including the pin code.
- Upload a scanned copy of your address proof document, which can be a passport,
voter ID, Aadhaar, or utility bill. - Click on the “Save” button to submit the updated address details.
Once your updated address details are verified by the EPFO, the new address will be reflected in your EPF account. It is important to keep your EPF account updated with your current address to ensure that you receive important communication from the EPFO regarding your EPF account.
85. What is the procedure for EPF account deletion?
EPF account deletion is not possible as per EPFO guidelines. In case of any issues related to the account, it is advised to approach the nearest EPFO office or contact the EPFO grievance cell.
86. Can I withdraw my EPF for education abroad?
Yes, EPF can be withdrawn for education abroad if the account holder or their dependent is enrolled in a recognized educational institution abroad. The withdrawal limit is limited to the employee’s basic salary and dearness allowance for a maximum of 3 times in their career.
87. How can I check my EPF balance using the UMANG app?
To check the EPF balance using the UMANG app, the following steps
can be followed-
- Download and install the UMANG app on your mobile device.
- Register using your mobile number and enter the OTP received.
- Select EPFO from the list of services available.
- Choose the ‘Employee Centric Services’ option and click on ‘View Passbook’.
- Enter your UAN and the captcha code, and click on ‘Get OTP’.
- Enter the OTP received and click on ‘Login’.
- The EPF passbook will be displayed, showing the current balance.
88. What is the procedure for EPF account consolidation after marriage?
EPF account consolidation after marriage can be done by following
these steps-
- Link both UANs to Aadhaar.
- Submit a joint declaration form to the employer or EPFO office requesting the
consolidation of the two accounts. - The employer will verify the details and forward the request to the EPFO.
- Once the verification is done, the accounts will be consolidated, and the balance will be transferred to the active account.
89. Can I withdraw my EPF for a personal emergency?
EPF can be withdrawn for personal emergencies such as medical treatment, marriage, or other financial crises. The withdrawal amount is subject to specific conditions and limits, as per the EPFO guidelines.
90. What is the procedure for EPF account consolidation after a job change?
The procedure for EPF account consolidation after a job change is to link your current UAN to your previous UAN. You can do this by visiting the EPFO member portal and logging in with your current UAN. Then, under the ‘Online Services’ section, select ‘One Member – One EPF Account (Transfer Request)’. You will need to provide your previous UAN, and once it is verified, you can submit a transfer request to consolidate your EPF accounts.
91. How can I check my EPF balance using the EPFO
app?
You can check your EPF balance using the EPFO app by downloading the app on your mobile device and logging in with your UAN and password. Once you are logged in, you can select the ‘Passbook’ option to view your EPF account balance.
92. Can I withdraw my EPF for child education?
Yes, you can withdraw your EPF for child education under certain conditions. You can withdraw up to 50% of your EPF balance for the education of your children, including step-children and legally adopted children. The child must be enrolled in a recognized institution for higher education or vocational training.
93. What is the procedure for EPF account consolidation after retirement?
The procedure for EPF account consolidation after retirement is the same as after a job change. You can link your previous UAN to your current UAN by visiting the EPFO member portal and submitting a transfer request.
94. Can I withdraw my EPF for a down payment on a
home?
Yes, you can withdraw your EPF for a down payment on a home. You can withdraw up to 90% of your EPF balance for the purchase or construction of a house or flat, or for the repayment of a home loan. However, you must have completed at least 5 years of continuous service, and the property must be registered in your name or jointly with your spouse.
95. What is the procedure for EPF account consolidation after a long break from work?
If you have a long break from work and have changed multiple jobs during this period, you can consolidate all your EPF accounts. You can do this by linking all your UANs (Universal Account Number) to one active UAN. To do this, you need to log in to the EPFO member portal using your current UAN and update your previous UANs under the ‘One Employee – One EPF Account’ option. Once your UANs are linked, your EPF accounts will be consolidated, and you can transfer your balance to your active account.
96. How can I check my EPF balance using the EPFO website?
You can check your EPF balance using the EPFO website by following these steps-
- Visit the EPFO website (https://www.epfindia.gov.in/).
- Click on the ‘For Employees’ option and select ‘Member Passbook’ from the dropdown menu.
- Log in using your UAN and password.
- Select the member ID for which you want to view the passbook and click on ‘View
Passbook’. - Your EPF pssbook will be displayed, which will show your current balance,
contributions made, and other details.
97. Can I withdraw my EPF for funding my child’s
wedding?
Yes, you can withdraw your EPF for funding your child’s wedding. However, you can only withdraw up to 50% of your total EPF contribution, and you must have completed at least seven years of service to be eligible for this withdrawal.
98. What is the procedure for EPF account consolidation after working abroad?
If you have been working abroad and have an EPF account, you can consolidate your EPF accounts. To do this, you need to follow the same procedure as mentioned earlier – link all your UANs to one active UAN and transfer the balance to your active account. You can also choose to withdraw your EPF balance if you are eligible, or you can continue to contribute to your EPF account even while working abroad.
99. Can I withdraw my EPF for starting a new business?
Yes, you can withdraw your EPF for starting a new business. You can withdraw up to 50% of your total EPF contribution, and you must have completed at least seven years of service to be eligible for this withdrawal. However, it is important to note that withdrawing your EPF balance may not be the best option, as your EPF account can provide you with a substantial retirement corpus, and premature withdrawal can affect your long-term financial goals.
100. What is the procedure for EPF account
consolidation after a break due to maternity leave?
If an employee goes on maternity leave, their EPF account will continue to be active during the leave period, and they can continue to make contributions to it. However, if they choose to discontinue the contribution during the leave period, they can apply for a non-contribution period. After returning from maternity leave, they can continue contributing to the same EPF account, and there is no need for consolidation.
101. How can I check my EPF balance using the SMS
service?
To check EPF balance through SMS, the employee needs to send an SMS in the following format to 7738299899: “EPFOHO UAN ENG”. Here, “UAN” refers to the Universal Account Number, and “ENG” refers to the preferred language. The EPFO will then send the account balance details to the employee’s registered mobile number.
102. Can I withdraw my EPF for funding my own wedding?
No, EPF withdrawal for personal purposes such as funding a wedding is not allowed under the EPF scheme.
103. What is the procedure for EPF account consolidation after the death of the account holder?
In case of the death of the EPF account holder, the nominee or the legal heir can apply for the transfer or consolidation of the EPF account. The nominee or legal heir should submit the necessary documents, such as the death certificate, the legal heir certificate, the nominee’s declaration form, and the EPF transfer form, to the EPFO office. Upon verification of the documents, the EPFO will transfer the EPF balance to the nominee’s or legal heir’s bank account.
104. Can I withdraw my EPF for home rent payment?
No, EPF withdrawal is not allowed for home rent payment under the EPF scheme.
105. What is the procedure for EPF account
consolidation after being terminated from a job?
If an employee is terminated from a job, their EPF account will remain active until they withdraw the balance or transfer it to another account. The employee can apply for the transfer or consolidation of their EPF account by submitting the necessary forms and documents to the EPFO office.
106. How can I check my EPF balance using the missed call service?
To check EPF balance through missed call service, the employee
needs to give a missed call to the number 011-22901406 from their registered
mobile number. The EPFO will then send the account balance details to the
employee’s registered mobile number.
107. Can I withdraw my EPF for purchasing a plot of
land?
Yes, you can withdraw from your EPF account for purchasing a plot of land, provided you meet certain conditions. The withdrawal amount is restricted to a maximum of 24 months’ basic salary and dearness allowance, subject to the cost of the land. You are also required to have completed at least 5 years of service in order to be eligible for this withdrawal.
108. What is the procedure for EPF account
consolidation after a company merger or acquisition?
In case of a company merger or acquisition, the EPF account of the employee is automatically transferred to the new employer. The new employer is required to provide the employee’s UAN to the EPFO, which then initiates the process of transfer of the EPF account to the new employer. The employee does not need to take any additional steps to consolidate their EPF account.
109. How can I check the status of my EPF withdrawal application?
You can check the status of your EPF withdrawal application by logging into the EPFO member portal using your UAN and password. After logging in, go to the ‘Track Claim Status’ section and enter your claim ID to check the status of your withdrawal application.
110. Can I withdraw my EPF for a second home purchase?
Yes, you can withdraw from your EPF account for the purchase of a second house or flat. However, you need to have completed at least 5 years of service in order to be eligible for this withdrawal. The maximum withdrawal amount is restricted to a maximum of 24 months’ basic salary and dearness allowance or the cost of the house, whichever is lower.
111. What is the procedure for updating my bank
account details in EPF?
To update your bank account details in EPF, you need to log in to the EPFO member portal using your UAN and password. After logging in, go to the ‘Manage’ section and select ‘KYC’. Click on the ‘Bank’ tab and enter your bank account details. Once you have entered the details, click on ‘Save’ to update your bank account details in EPF.
112. Can I withdraw my EPF for a medical emergency
of a family member?
Yes, you can withdraw your EPF for the medical treatment of yourself, spouse, children, or dependent parents. The EPF allows partial withdrawal up to 6 times the monthly basic wage and dearness allowance or the employee’s share with interest, whichever is lower.
113. What is the procedure for transferring my EPF
balance to my spouse’s account?
To transfer your EPF balance to your spouse’s account, you need to fill and submit Form 13 to the EPFO. The form should be duly signed by both you and your spouse and attested by your employers. The EPFO will then transfer the EPF balance to your spouse’s account.
114. How can I check my EPF balance using the DigiLocker app?
You can check your EPF balance using the DigiLocker app by following these steps-
- Download and log in to the DigiLocker app.
- Click on the “Central Government” section and select “EPFO.”
- Enter your UAN and click on “Get OTP.”
- Enter the OTP received on your registered mobile number.
- Click on “Get Document” to view your EPF passbook, which contains your current EPF balance.
115. Can I withdraw my EPF for a business emergency?
No, EPF withdrawal is not allowed for business emergencies. The EPF allows partial withdrawal for specific purposes such as medical treatment, education, home loan repayment, and marriage expenses.
116. What is the procedure for correcting errors in
my EPF account?
To correct errors in your EPF account, you need to submit a written request to the concerned EPF office along with supporting documents. The EPFO will verify the documents and make the necessary corrections in your EPF account. If the error is due to your employer’s mistake, you should inform your employer to rectify the error and submit the corrected details to the EPFO.
117. Can I withdraw my EPF for purchasing a commercial property?
Yes, you can withdraw your EPF for purchasing a commercial property. However, there are certain conditions that need to be met, such as the property must be in the name of the employee, the employee must have completed at least 5 years of service, and the property must be used for business purposes.
118. What is the procedure for reactivating my EPF
account after a long period of inactivity?
To reactivate your EPF account after a long period of inactivity, you need to fill out a Composite Claim Form (CCF) and submit it to your employer. The CCF should have all the relevant details, such as your name, date of birth, EPF account number, and the reason for inactivity.
119. How can I check my EPF balance using the EPF
mobile app?
You can check your EPF balance using the EPF mobile app by downloading the app from the Google Play Store or the Apple App Store. Once you have downloaded the app, you need to enter your UAN and password to log in. After logging in, you can view your EPF balance and other details.
120. Can I withdraw my EPF for purchasing gold?
No, you cannot withdraw your EPF for purchasing gold. EPF withdrawals are allowed only for certain specific purposes, such as buying a house, medical emergencies, or education.
121. What is the procedure for changing my nominee
details in EPF?
To change your nominee details in EPF, you need to fill out a Nomination Form and submit it to your employer. The Nomination Form should have all the relevant details, such as the name and address of the nominee, relationship with the employee, and the percentage of share in the EPF corpus.
122. Can I withdraw my EPF for a child’s medical
emergency?
Yes, you can withdraw your EPF for a child’s medical emergency. However, there are certain conditions that need to be met, such as the child should be below 25 years of age and should be dependent on the employee.
123. What is the procedure for merging multiple EPF
accounts?
To merge multiple EPF accounts, you need to submit a request for transfer of funds from the EPF account(s) that you want to merge into your current active EPF account. You can initiate the transfer request online through the EPFO portal or offline by submitting a physical transfer request form to your employer or the nearest EPFO office.
124. How can I check my EPF balance using the PFMS
portal?
PFMS (Public Financial Management System) is a platform for managing government payments and receipts. It is not possible to check your EPF balance using the PFMS portal as it is not linked to the EPFO (Employees’ Provident Fund Organisation) database. To check your EPF balance, you can use the EPFO portal, mobile app, or SMS service.
125. Can I withdraw my EPF for a divorce settlement?
Yes, you can withdraw your EPF for a divorce settlement if you provide the necessary documents as proof of the settlement. The amount you can withdraw will depend on your total EPF balance and the terms of the settlement. However, the EPFO allows partial withdrawal only for specific reasons, and divorce settlement is not one of them. Hence, you may need to check with the EPFO office for further clarification.
126. What is the procedure for updating my KYC details in EPF?
To update your KYC (Know Your Customer) details in EPF, you need to log in to the EPFO portal and navigate to the ‘KYC’ section under the ‘Manage’ tab. You can then update your Aadhaar, PAN, bank account, and other details as required. Once you submit the updated details, your employer will need to approve the changes.
127. Can I withdraw my EPF for a major home renovation?
Yes, you can withdraw your EPF for a major home renovation if you have completed at least five years of continuous service. The maximum amount you can withdraw is the lower of 12 times your monthly salary (including dearness allowance) or the total employee’s share of EPF and interest.
128. What is the procedure for correcting my date
of birth in EPF?
To correct your date of birth in EPF, you need to submit a written request along with supporting documents such as a birth certificate, school leaving certificate, or passport to your employer or the nearest EPFO office. The EPFO will verify the documents and make the necessary changes in your EPF account.
129. How can I check the status of my EPF transfer
request?
To check the status of your EPF transfer request, you need to log in to the EPFO portal and navigate to the ‘Track Claim Status’ section under the ‘Online Services’ tab. You can then enter your PF account number and the member ID to track the status of your transfer request. Alternatively, you can check the status through the UMANG app or by contacting the EPFO office.
130. Can I withdraw my EPF for a family member’s
wedding?
Yes, you can withdraw your EPF for a family member’s wedding. However, there are certain conditions that need to be fulfilled. For example, you can withdraw only after completing 7 years of service and you can withdraw up to a maximum of 50% of your contributions. The maximum withdrawal limit for this purpose is also subject to certain conditions.
131. What is the procedure for consolidating multiple UANs?
To consolidate multiple UANs, you need to visit the EPFO portal and select the ‘One Employee – One EPF Account’ option under the ‘Services’ tab. You will then need to enter your current and previous EPF account numbers, after which the system will prompt you to verify your personal details. Once your details are verified, the EPFO will initiate the process of consolidating your EPF accounts.
132. Can I withdraw my EPF for a parent’s medical
emergency?
Yes, you can withdraw your EPF for a parent’s medical emergency. However, you can withdraw only after completing 7 years of service and you can withdraw up to a maximum of 6 times your monthly salary. You will need to submit the necessary documents to prove the medical emergency.
133. What is the procedure for correcting my father’s/mother’s name in EPF?
To correct your father’s/mother’s name in EPF, you will need to fill out Form 5A and submit it to your employer. You will need to attach the necessary documents, such as a copy of your Aadhaar card, PAN card, or passport, as proof of the correct name.
134. How can I check the status of my EPF grievance
complaint?
You can check the status of your EPF grievance complaint by visiting the EPFO portal and selecting the ‘Track Grievance Status’ option under the ‘For Employees’ tab. You will then need to enter your grievance registration number and your registered mobile number, after which you will be able to check the status of your complaint.
135. Can I withdraw my EPF for a child’s education
abroad?
Yes, you can withdraw your EPF for a child’s education abroad. However, you can withdraw only after completing 7 years of service and you can withdraw up to a maximum of 50% of your contributions. You will need to submit the necessary documents, such as admission letters and fee receipts, to prove the need for the withdrawal.
136. What is the procedure for correcting my gender
details in EPF?
To correct your gender details in EPF, you will need to fill out Form 11 and submit it to your employer. You will need to attach the necessary documents, such as a copy of your Aadhaar card, PAN card, or passport, as proof of the correct gender.
